Now Reading: Steel consumption rises 6.5% in July as India remains net importer
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Steel consumption rises 6.5% in July as India remains net importer
Steel consumption rises 6.5% in July as India remains net importer
India’s finished steel consumption rose 6.5% year on year to 14.4 million tonnes in July 2026, even as the country remained a net importer during April-July, according to Ministry of Steel data…
The Story in Brief
India’s finished steel consumption rose 6.5% year on year to 14.4 million tonnes in July 2026, even as the country remained a net importer during April-July, according to Ministry of Steel data reported by The Hindu BusinessLine. Imports increased 9.5% year on year, while exports rose 44.1%. Consumption for April-July climbed 7.8% to 55.9 million tonnes.
Production grew more slowly in July. Crude steel output rose 1.2% to 14.3 million tonnes, while finished steel production increased 1.4% to 13.7 million tonnes. TMT prices fell 5.6% month on month to Rs 56,698 per tonne. Finished steel output for April-July rose 4% to 54.3 million tonnes.
The Indian Opinion
Claims of an unqualified steel boom overlook the gap between consumption and production, while the net-import figure alone does not prove domestic mills are weak. Demand is rising, but imports still matter and July prices softened across key products. The useful test is whether finished steel output catches up with consumption and India turns a net exporter over the next April-July period.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
